The Unfinished Business of Governance


The Unfinished Business of Governance

Monitoring and Regulating Industries and Organizations

9781788113137 Edward Elgar Publishing
Alexander Styhre, Professor in Business Administration, School of Business, Economics and Law, University of Gothenburg, Sweden
Publication Date: 2018 ISBN: 978 1 78811 313 7 Extent: 288 pp
The Unfinished Business of Governance provides an overview of the changing landscape of governance and focuses on the three specific domains of corporate governance, university governance, and market governance. The book examines how changes in competitive capitalism and the wider social organization of society is recursively both determined by, and actively shaping underlying governance ideals and their practices. The shared theme in the various changes of the governance system is that free market theory and ideologies have gradually penetrated governance practices.

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The legal, regulatory and ethical frameworks guiding governance decisions are highly politicized and subject to intense debate. This book discusses governance theory in relation to corporations, universities and markets. Confronting the challenges of governing these three core areas, Alexander Styhre explores the connections between governance and the production of economic value, shareholder value and economic equality.

An in-depth overview of recent governance literature in management studies, economics, legal theory and economic sociology exposes how governance theory affects securities markets, commodities trade, university ranking and credit scoring cases. The author examines how changes in competitive capitalism and the wider social organization of society are recursively both determined by, and actively shaping, the underlying governance ideals and practices. Identifying the difficulties involved in balancing freedom and control in governance policy, he highlights the key concerns confronting governments, regulatory agencies and transnational agencies: how to ensure the efficient use of economic resources to avoid economic inequality without undermining the legitimacy of the current market-based economic model.

Essential reading for academics and graduates in management and the social sciences, as well as policy makers and management consultants, The Unfinished Business of Governance gives exceptional insight into the challenges facing governance within free markets.
Critical Acclaim
‘This book shows convincingly how the notion of governance regimes is extremely relevant in contemporary society for understanding the struggles between stakeholders in both private and public sectors. The book is a systematic treatise that takes a fresh look at governance, and which offers valuable insights in an era in which economic dominance and political turmoil signals existing sentiments, exemplified by the cases of financial markets and universities.’
– Patrik Aspers, Uppsala University, Sweden
Contents: Preface Part I: On the theory and practice of governance Introduction: Governance regimes and their political, legal, and economic foundations 1. Governance varieties: Locke and Hegel’s philosophy of right and the roots of governance traditions Part II: Governing the economy 2. Governing the corporation: The economic theory roots of the shareholder primacy doctrine 3. Governing the university system: How to blend algorithm governance and social meaning 4. Governance and market regulation as market making: Stated ambitions, episodic success, and shortcomings and failures in finance market regulation Part III: Theoretical and practical implications 5. The unfinished business of governance: Towards new governance regimes Bibliography Index

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